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Michael speaks to questions he often gets around how much income you should be taking each year during retirement in this third part of his webinar series on retirement mistakes. Michael talks about the importance of accounting for aspects like inflation and how often people’s spending in retirement differs from a simplified strategy.

Michael suggests in this video that it is important to be mindful how you invest your money during retirement. He also recommends having a clear vision of what you want during retirement in order to make the best decisions.

In the second part of this webinar series, Michael explains some common miss steps people make when considering their tax strategy when planning for retirement. He points out that people often do not realize how taxes are related to and affect all other aspects of their financial plan, particularly how it can affect the Social Security benefit.

Michael emphasizes the importance of coordinating all aspects of your plan in the most tax-advantaged way. He highlights the relationship between Social Security benefits, pensions, and RMD’s from IRA accounts.

In the first part of this webinar, Michael Clark seeks to shed light on some common mistakes he sees people make in retirement in how they take their Social Security benefit. Michael believes that the best investors and planners are educated ones. For many people, the how behind the amount of benefit you receive seems confusing or secretive.

Michael breaks down the two specific factors that are used to calculate the Social Security benefit. He also presents resources that will help people have a greater understanding of what their benefit will be.